First Union National Bank Portfolio Management 123 South Broad Street PA1310 Philadelphia. Pennsylvania 19109-1199 Fax 215 985-3143 April 9, 1997 Leak-X Environmental Corporation Groundwater Recovery Systems, Inc. Lexicon Environmental Associates,...Revolving Credit Agreement and Term Loan Agreement • April 16th, 1997 • Leak X Environmental Corporation • Services-engineering services
Reference is made to (i) that certain Revolving Credit Agreement dated June 27, 1996 between Lexicon Environmental Associates, Inc. ("Lexicon") and Groundwater Recovery Systems, Inc. ("Groundwater") (Lexicon and Groundwater to be referred to collectively as "Co-Borrowers"), and First Union National Bank, formerly known as First Fidelity Bank, N.A. (the "Bank"); (ii) that certain Term Loan Agreement dated as of September 29, 1995 between Groundwater and the Bank; (iii) that certain Guaranty and Suretyship Agreement dated June 27, 1996 between Leak-X Environmental Corporation ("Leak-X") and the Bank (the "Leak-X Guaranty"); and (iv) that certain Guaranty and Suretyship Agreement dated September 25, 1995 between Leak-X, Lexicon and the Bank (the "Lexicon/Leak-X Guaranty"). The Revolving Credit Agreement, the Term Loan Agreement, the Leak-X Guaranty, the Lexicon/Leak-X Guaranty, and all other documents and instruments executed and delivered in connection therewith are collectively referred
